London-based GMEX Group and the Metropolitan Stock Exchange of India will collaborate to develop technology-driven products to enhance India’s capital markets. As part of the proposal, GMEX will acquire a 5% stake in the Exchange, and its subsidiary, the Metropolitan Clearing Corporation of India. The collaboration includes product development in...
India's Central Bank Allows Bank Investments in REITs, InvITs
India's central bank, The Reserve Bank of India, will allow banks which are currently allowed to invest as much as 20% of their net-owned funds in equity-linked mutual funds, venture capital funds and stocks, to invest in real estate investment trusts (REITs) and infrastructure investment trusts (InvITs). The central bank...
Institutional Investment Into India Reaches 3-Year High
Foreign institutional investors’ (FII) inflow in the Indian market for the month of March is the highest single-month investment since February 2013. According to data from National Securities Depository and Securities and Exchange Board of India, FIIs have invested $3.08 billion (until March 28). Another $75 million in equities on...
India’s Stock Market Regulator Announces Relaxed Listing Norms
With the aim of boosting India’s startup ecosystem, the Securities and Exchange Board of India, the body that regulates Indian stock markets, has relaxed listing and fund raising norms for the startups. According to India’s IT industry trade body Nasscom’s key findings of the India Start-up Report 2014, there are:...
Global Regulators Confer Top Ratings on India’s Financial Market
The International Organization of Securities Commissions and the Bank for International Settlements annually evaluate the implementation status of the international Principles for Financial Market Infrastructure in various countries, and assign rating that are considered a global standard for the financial sector.In the assessment for 2015, which took into account regulations...